1305 Cameo Lane, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 3 bath
1305 Cameo Lane
Fullerton, California 92831
Property Price
SUMMARY
Analysis of 1305 Cameo Lane, Fullerton, California 92831 reveals a Fairly Priced Property with a current list price of $724,900 aligned with the estimated $724,489 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fullerton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this property shows signs of regular maintenance but has not undergone a recent extensive renovation. The kitchen features dated light wood cabinets, an older white electric range and microwave, and dated tiled flooring, though it does have granite countertops and a newer stainless steel refrigerator. Bathrooms appear functional, with one showing a more modern glass shower enclosure, but overall styles are not contemporary. Other areas feature a mix of hardwood/laminate and dated tile. The property is livable but requires minor updates to modernize its aesthetic and bring key areas like the kitchen and some flooring up to current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location & Investment Potential
Situated in a highly desirable area, offering convenient access to California State University, Fullerton (CSUF), making it an excellent investment opportunity for college-bound students or rental income.
- Extensive Community Amenities
Residents benefit from a rich array of shared facilities, including two swimming pools, a kiddy pool, a basketball court, and a clubhouse, enhancing lifestyle and recreational options.
- Desirable City Lights View
The property boasts a captivating city lights view, adding significant aesthetic appeal and value.
CONSRISKS & DEFICIENCIES
- Significant Monthly Association Fee
A substantial monthly association fee of $410 adds a considerable recurring cost to homeownership, which potential buyers must factor into their budget.
- Property Age & Potential for Updates
Built in 1964, the property is 60 years old, suggesting that some systems or finishes may be original or require updating to meet modern standards and preferences.
- Limited Private Outdoor Space & Property Type Ambiguity
Despite being listed as a 'Single Family Residence,' the extremely small lot size (1161 sqft) indicates minimal private outdoor space and suggests it functions more like a PUD or condo, which might not align with traditional SFR buyer expectations.
About 1305 Cameo Lane
Great location . Close to the college CSUF . 2 swimming pools and a kiddy pool . Basketball court. Nice Clubhouse for you entertaining enjoyment . Great for your kids as an investment when they go to College . Carport with storage and an enclosed garage .
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 1,161 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $410.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 1,562 | 1,636 | 39% |
| Lot Size | 1,161 | 7,729 | 2% |
| Price | $724.9K | $1.12M | 6% |
| Price per sq ft | $464 | $685 | 6% |
| Built year | 1964 | 1959 | 76% |
| HOA | $410.0 | $0 | 94% |
| Days on market | 550 | 169 | 0% |
Pricing History
Listed for Sale
Sep 3, 2024
$724,900
Initial Listing